Domestic CBD Accounts Starting at 3.50%!

Question 1

What exactly are CBDs?

Answer

Cannabinoids are the primary chemical compounds produced by the cannabis plant and there are more than 85 identified cannabinoids. Tetrahydrocannabinol (THC) is the most well-known cannabinoid produced by the cannabis plant and is the ONLY psychoactive cannabinoid. Of the 85+ non-psychoactive cannabinoids, Cannabidiol (CBD) is the most widely known.

Question 2

Legislative Status of CBD / Hemp oil in the United States America?

Answer

Many people ask, "If CBD Oil is legal, why do I keep getting shut down by bank and processors? The answer is very simple, most banks will The FDA of the United States considers hemp oil (and its derivative CBD) to be a dietary supplement (not a medication) since they are made from industrial hemp plants. If you live in the US, this means you don’t need a prescription and can legally purchase and consume Cannabidiol in any state. It is also legal to ship in the United States as long as it contains less than 0.3% THC on a dry-weight basis per the United States Farm Bill of 2014.

Question 3

Do I Need a Doctor's Prescription or Medical Marijuana Card?

Answer

In contrast to marijuana, US federal law does allow for the cultivation, processing, and marketing of hemp and hemp products, which would include cannabinoids derived from industrial hemp, under the conditions set forth in Section 7606 of the Agricultural Act of 2014. The United States Farm Bill of 2014 permits the growth and cultivation of industrial hemp in states where hemp is legal to grow.

Question 4

Why can't I just set up an ACH/eCheck account with my current bank?

Answer

For CBD / Hemp oil merchants, banks prefer not to be the ones directly processing / enabling the transaction itself. They much prefer a separate legal entity to process the CBD transactions, and strictly be the depositor. ACH processing solutions for the CBD industry are coming soon! Check back in a 1-2 months.

Question 5

Startup CBD Merchants? Get Started Today!

Answer

At this moment, startups' only option will be with out international solutions. We will work with you along the way in order to get setup quickly. Please contact us today to get started!

Question 6

Established Business Looking to Switch?

3+ Months' Processing Statements
3+ Months' Business Bank Statements
Minimal Chargebacks (<1%)

Answer

Merchants that are already accepting credit cards for their CBD business and are looking to switch to either obtain their own MID, or simply want to save thousands each year will generally need the following:

Question 7

General CBD Website Compliance

Answer

All Items must be completed:
- Website must have “THC is less than 0.3%” in footer
- Add FDA disclosure in footer
- All products must contain ingredients in 'searchable' text form
- Do not make strong medical claims
- Delivery methods / timing policy
- Must have company name and address listed in footer of homepage
- Terms & Conditions (with link preferably in footer)
- Privacy policy (with link preferably in footer)
- Refund policy (with link preferably in footer) - Lab Reports for each product (with link preferably in footer) - Must show Delta-9 THC< 0.3%
- Contact Page with full address and customer service number
- Add card brand logos to checkout page

Domestic CBD Accounts Starting at 3.50%!

AllayPay has years of experience boarding both CBD / Hemp oil merchants. We specialize in startups, as well as extremely large established companies, including wholesalers.

Domestic CBD Merchant Account

International EU CBD Merchant Account

Major Guidelines for International CBD Merchant Account:

Have completed the website compliance listed in the documents section

AllayPay will register your EU company once you decide to proceed*

* Cost to incorporate your new EU entity is $500, invoiced upfront.

eCheck Processing Solutions

Seamless Shopping Cart Integrations

CBD Processing Education

FAQs From Our Merchants